Research On The Business Model Of Steel-Silver E-commerce Supply Chain Finance

Small and medium-sized enterprises play an indispensable role in promoting the development of my country’s national economy and society,and are of great significance to improving people’s livelihood,expanding employment,and promoting innovation and entrepreneurship.However,the problem of shortage of funds in the operation of small and medium-sized enterprises has long existed.As private enterprises,the shareholders’ capital supply capacity is insufficient.Most small and medium-sized enterprises have limited registered capital or total corporate equity,which cannot meet the access requirements of my country’s capital market.Therefore,the main source of funds for SMEs is still commercial banks.However,compared with large-scale enterprises,SMEs have higher credit risks,higher operating risks,weak risk tolerance,and lack of valuable assets for mortgage.Commercial banks are unwilling to lend to small and medium-sized enterprises.Various reasons cause small and medium-sized enterprises to get into financing difficulties.The steel industry is a capital-intensive industry,and the problem of financing difficulties for small and medium-sized steel enterprises is more prominent.Through supply chain finance,banks do not grant individual credit to small and medium-sized enterprises,but instead bundle credit to small and medium-sized enterprises and core enterprises based on real transactions.However,in the traditional supply chain finance business led by commercial banks,the bank has not actually participated in the transaction of the enterprise,and cannot effectively control the logistics,business flow,information flow and capital flow in the transaction.The e-commerce platform has accumulated a large amount of customer transaction data during the operation process,and can analyze the credit level of customers through big data modeling,so they have begun to get involved in the supply chain finance business.However,there are only a handful of e-commerce platforms that have actually achieved profitability in the supply chain finance business,and most of the e-commerce platforms ended in failure or even collapsed.This shows that e-commerce platforms carry high risks in supply chain financial services,and detailed analysis and proper management are essential.The research object of this article is the supply chain finance business of steel-silver e-commerce.It focuses on the analysis of the innovations and results of its business model,and summarizes the risks contained in its business model and finally makes specific recommendations.This article consists of the following parts:First,it introduces the theoretical basis of supply chain finance,and summarizes the development status of supply chain finance at home and abroad and the business model that has been formed in supply chain finance,which serves as the research basis of the full text.The second is from the basic situation of steel and silver e-commerce to the background of steel and silver e-commerce’s supply chain finance business to the specific analysis of the operation mode of steel and silver e-commerce supply chain finance business.The third is to conduct a comprehensive analysis of the supply chain finance business model of steel and silver e-commerce from four aspects:motivation analysis,peer comparison analysis,effectiveness analysis and risk analysis.Fourth,on the basis of the analysis of the third part,sum up the enlightenment of the case and suggestions for promoting the development of supply chain finance business for reference.The study found that the development of supply chain finance business by steel-bank e-commerce not only improved the service quality of the e-commerce platform and increased the number of customers,but also increased its own profitability and business income,but it also affected the risks in the business development process.Management should be strengthened.The purpose of writing this article is to analyze the supply chain finance business model of steel-silver e-commerce,summarize its experience in developing supply chain finance business,and at the same time identify the risks under its main business model and provide corresponding countermeasures and suggestions.Promoting my country’s e-commerce platforms to better develop supply chain financial services can play a positive role.